RamaOnHealthcare - The Long-Term Consequence of Physician Employment in U.S. Healthcare

The Long-Term Consequence of Physician Employment in U.S. Healthcare

Keckley Report April 25, 2022
Paul Keckley

In its most recent survey for the Physicians Advocacy Institute, Avalere found:

· Physician employment by hospitals, health systems or corporate entities increased from 62.2% in January 2019 to 73.9 % as of January 2022—a 19% increase from 2019 to 2021 representing 108,700 physicians.

· 52.1% of physicians were employed by hospitals and health systems and 21.8% of physicians were employed by other types of corporate entities.

· The South has the highest percentage of corporate-employed physicians at more than 25% and experienced the biggest increase in corporate-employment (+53.1%) spurred by a 94% increase in the percentage of corporate-owned medical practices.

To industry watchers, these findings are no surprise. For physicians, the professional headwinds have stiffened:

· Surveys have shown...